Allianz
ALV
Real-time TRADEGATE AG - 09/25 11:01:42 am
192.67EUR
+0.39%

Back up against a massive resistance level

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Ulrich Ebensperger
Financial Analyst

Strategy published on : 01/12/2018 | 09:10

short sell
Stop-loss triggered

Entry price : 201.5€
Target : 191.5€
Stop-loss : 203.9€
Potential : 4.96%

Allianz shares trade close to a major resistance zone that is situated around 189.4 EUR. This zone should be difficult to break through, which in turn suggests a corrective move ahead.
Investors should open a short trade and target the € 191.5.

Summary

● The company usually posts poor financials for mid or long term investments.


Strengths

● The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.

● The company is one of the best yield companies with high dividend expectations.

● The tendency within the weekly time frame is positive above the technical support level at 177.57 EUR


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at EUR 202.85.

● The stock is close to a major daily resistance at EUR 203.9, which should be gotten rid of so as to gain new appreciation potential.

● With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.

● Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.

Zonebourse.com 2018
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